How is the IBJA gold rate different from the MCX gold rate?

IBJA captures domestic spot quotations used by banks and jewelers, while MCX is a futures market reflecting expectations and costs like carry and taxes. Futures often trade at a premium to spot. Compare both to understand basis risk if you are hedging or planning a near-term purchase.

Does the SGB issue price depend on IBJA rates?

Yes. The Sovereign Gold Bond issue price references IBJA benchmarks for gold purity. When IBJA rates rise, SGB pricing tends to adjust higher. Check the RBI notification for each tranche and compare with the current IBJA print to see likely pricing and demand impact.

What should I watch to trade gold and silver price today in India?

Track IBJA closing rates for spot direction, MCX price and open interest for momentum, and daily ETF flows for demand signals. Set clear stop-loss levels and account for the futures-spot spread. Avoid over-leverage during spikes and reassess positions if the premium widens or narrows quickly.

Global Market Insights

January 11: India Gold, Silver Prices Rebound After 3-Day Slide

ByDanny Kontos January 11, 2026January 11, 2026

India’s gold and silver price today bounced back after a three-day slide, lifting sentiment across bullion. IBJA quoted 24k gold at ₹137,122 per 10g and silver at ₹242,808 per kg, while MCX February gold traded near ₹139,461 and silver around ₹255,353. Renewed safe-haven demand and ETF inflows supported the move. These benchmarks guide Sovereign Gold Bond pricing and influence gold-loan collateral values, so the rebound affects households, traders, and jewelers across India. Here is what changed and how to act today.